Lagos Joins Oil States

Lagos State Governor Akinwunmi Ambode yesterday declared that Lagos has officially joined the league of oil producing states in Nigeria, following the discovery of crude oil by Tunde Folawiyo

Petroleum Company Limited in Badagry, Lagos.Ambode made the revelation when the management of the company led by the Group Managing Director, Mr. Tunde Folawiyo, visited him at the Lagos House, Ikeja.The governor praised the firm for their doggedness to achieve the feat after 25 years of
hard work, saying that by the provision of Section 162 (2) of the 1999 Constitution, Lagos has become an oil producing state.“I want to thank you very much for this and I say it with all conviction because I know that based on Section 162 (2) of the 1999 Constitution, Lagos becomes an oil producing state and by virtue of this, the 13 per cent derivation that is due to oil producing states, Lagos will start to partake from it by your very good gesture. “So we officially declare Lagos State as an oil producing state. We also notify the Federal Government by this action that we would be sharing out of the 13 per cent derivation. So all we need do is to apply and then we join.”he said.
The Nation